DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

R•••••••• C•••••• M••••••••• L•••

Asset manager (funds and pooled vehicles)Menlo Park, CaliforniaCRD 158267SEC 801-73624websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 24 filings
SEC status approved since Mar 30, 2012
RAUM
$6.2B
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
51
28 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
14
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$6.2B as of Mar 31, 2026
Mar 21, 2013$984M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 21, 20130 then
Employees (5.A)51 as of Mar 31, 2026
Mar 21, 201320 then
Private funds14 as of Mar 31, 2026
Mar 21, 20133 then
RAUM -1.5% over the last fiscal year+3.1% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$440MderivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived4 offices incl. principal (1.F.5)
RAUM growth, one year
-1.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$6.2B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      20 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R•••••••• C•••••• P••••••• I• L•••Private Equity Fund$1.5B113Mar 27, 2014
      R•••••••• C•••••• P••••••• I•• L•••Private Equity Fund$1.1B119Mar 25, 2019
      R• C••••• H••••••• L••no longer reportedPrivate Equity Fund$841M7Mar 30, 2015
      R•••••••• C•••••• P••••••• I• L•••Private Equity Fund$778M72Mar 30, 2022
      R•••••••• C•••••• P••••••• I• •••••••• • A• L•••Private Equity Fund$563M80Mar 30, 2022
      R•••••••• C•••••• P••••••• I• •••••••• • B• L•••Private Equity Fund$383M2Mar 27, 2014
      R•••••••• C•••••• P••••••• I•• •••••••• • B• L•••Private Equity Fund$366M2Mar 25, 2019
      R•••••••• C•••••• P••••••• I• •••••••• • B• L•••Private Equity Fund$318M2Mar 31, 2023
      R•••••••• C•••••• P••••••• L•••• I• L•••Private Equity Fund$304M40Mar 31, 2023
      R•••••••• C•••••• P••••••• L•••• L•••Private Equity Fund$260M29Mar 25, 2019
      R•••••••• C•••••• P••••••• I•• •••••••• • A• L•••Private Equity Fund$220M3Mar 31, 2021
      R•••••••• S•••••••• L•••Private Equity Fund$186M5Mar 31, 2021
      R•••••••• C•••••• P••••••• L•••Private Equity Fund$49.8M126Feb 14, 2012
      R•••••••• C•••••• L••no longer reportedPrivate Equity Fund$47.2M50Mar 30, 2015
      R•••••••• C•••••• V••••••• L•••no longer reportedVenture Capital Fund$23.5M27Mar 30, 2015
      R•••••••• C•••••• P••••••• •••••••• • B• L•••Private Equity Fund$22.2M2Feb 14, 2012
      R•••••••• C•••••• P••••••• •••••••• • A• L•••Private Equity Fund$19.3M2Feb 14, 2012
      R••• H••••••• L•••no longer reportedPrivate Equity Fund$244,5342Mar 30, 2015
      R•••••••• C•••••• S••••• H••••••• S•••••••Private Equity Fund$65,8177Mar 30, 2015
      R• L•• H••••••• L••no longer reportedPrivate Equity Fund$63,5786Mar 30, 2015
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••• D••••••• F•••••••• · Shareholder, Managing Partner, Directorcontrol
        since 12/2017 · owns 50% to 75% of R•••••••• C•••••• M••••••••• L•••
      • P••••• J••••••• T••••• · Shareholder, Managing Partner, Directorcontrol
        since 12/2017 · owns 50% to 75% of R•••••••• C•••••• M••••••••• L•••
      • A•••••• D••••••• F•••••••• · Limited Partner
        since 12/2017 · owns 25% to 50%
      • J••••••• K••••• L••••••• · Chief Financial Officer
        since 08/2023 · owns less than 5%
      • P••••• J••••••• T••••• · Limited Partner
        since 12/2017 · owns 25% to 50%
      • W•••• L•••• L• · Chief Compliance Officer
        since 01/2015 · owns less than 5%
      • A•••••• D••••••• F•••••••• · Limited Partner
        since 07/2020 · owns 25% to 50% of R•••••••• G• F•••••••• F••••• L•••
      • A•••••• D••••••• F•••••••• · Limited Partner
        since 12/2021 · owns 50% to 75% of R•••••••• I• G• H••••••• F••••• L•••
      • P••••• J••••••• T••••• · Limited Partner
        since 07/2020 · owns 25% to 50% of R•••••••• G• F•••••••• F••••• L•••
      • P••••• J••••••• T••••• · Limited Partner
        since 12/2021 · owns 50% to 75% of R•••••••• I• G• H••••••• F••••• L•••
      Entity owners
      • R•••••••• C•••••• M••••••••• L••• · General Partner
        direct · owns less than 5%
      • R•••••••• G• F•••••••• P•••••• L•• · General Partner
        indirect · owns F of R•••••••• G• F•••••••• 2• L•••
      • R•••••••• I• G• H••••••• P•••••• L•• · General Partner
        indirect · owns F of R•••••••• I• G• H••••••• 2• L•••
      • R•••••••• G• F•••••••• 2• L••• · Special Partner
        direct · owns 5% to 10%
      • R•••••••• I• G• H••••••• 2• L••• · Special Partner
        direct · owns 5% to 10%
      • R•••••••• G• F•••••••• F••••• L••• · Limited Partner
        indirect · owns 75% or more of R•••••••• G• F•••••••• 2• L•••
      • R•••••••• I• G• H••••••• F••••• L••• · Limited Partner
        indirect · owns 75% or more of R•••••••• I• G• H••••••• 2• L•••
      Related persons
      Schedule D 7.A
      • R•••••••• C•••••• I• L•••
        pooled vehicle sponsorn
      • R•••••••• C•••••• I•• L•••
        pooled vehicle sponsorn
      • R•••••••• C•••••• I• L•••
        pooled vehicle sponsorn
      • R•••••••• C•••••• L•••
        pooled vehicle sponsorn
      • R•••••••• C•••••• L•••• I• L•••
        pooled vehicle sponsorn
      • R•••••••• C•••••• L•••• L•••
        pooled vehicle sponsorn
      • R••• C•••••• A••••••••• E• I••••••••• L••••
        investment advisern
      Advisers that list R•••••••• C•••••• M••••••••• L••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY6 employees
      • Aventura, FL4 employees
      What changed
      consecutive filings, newest first
      • Advisory employees · 30 to 28
        Sep 26, 2025 to Mar 31, 2026
      • Discretionary RAUM · $6.1B to $6.0B
        Sep 26, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $177M to $214M
        Sep 26, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $6.3B to $6.2B
        Sep 26, 2025 to Mar 31, 2026
      • RAUM · $6.3B to $6.2B
        Sep 26, 2025 to Mar 31, 2026
      • Financial planning clients · unset to
        Mar 31, 2025 to May 7, 2025
      • Advisory employees · 28 to 30
        Jan 7, 2025 to Mar 31, 2025
      • Discretionary RAUM · $5.8B to $6.1B
        Jan 7, 2025 to Mar 31, 2025
      • Non-discretionary RAUM · $186M to $177M
        Jan 7, 2025 to Mar 31, 2025
      • Pooled vehicle RAUM · $6.0B to $6.3B
        Jan 7, 2025 to Mar 31, 2025
      • RAUM · $6.0B to $6.3B
        Jan 7, 2025 to Mar 31, 2025
      • Accounts · 15 to 14
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 15 to 14
        Mar 31, 2023 to Mar 29, 2024
      • Private funds · 15 to 14
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $5.4B to $5.8B
        Mar 31, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $219M to $186M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $5.6B to $6.0B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $5.6B to $6.0B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 13 to 15
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 25 to 28
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 13 to 15
        Mar 30, 2022 to Mar 31, 2023
      • Employees · 45 to 51
        Mar 30, 2022 to Mar 31, 2023
      • Private funds · 13 to 15
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $5.8B to $5.4B
        Mar 30, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $141M to $219M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $5.9B to $5.6B
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $5.9B to $5.6B
        Mar 30, 2022 to Mar 31, 2023
      • Accounts · 12 to 13
        Oct 8, 2021 to Mar 30, 2022
      • Advisory employees · 22 to 25
        Oct 8, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 12 to 13
        Oct 8, 2021 to Mar 30, 2022
      • Employees · 34 to 45
        Oct 8, 2021 to Mar 30, 2022
      • Private funds · 12 to 13
        Oct 8, 2021 to Mar 30, 2022
      • Discretionary RAUM · $4.2B to $5.8B
        Oct 8, 2021 to Mar 30, 2022
      • Non-discretionary RAUM · $93.4M to $141M
        Oct 8, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $4.3B to $5.9B
        Oct 8, 2021 to Mar 30, 2022
      • RAUM · $4.3B to $5.9B
        Oct 8, 2021 to Mar 30, 2022
      • Related adviser · false to true
        Oct 8, 2021 to Mar 30, 2022
      • Other offices · 2 to 3
        Mar 31, 2021 to Oct 8, 2021
      • Accounts · 10 to 12
        Mar 27, 2020 to Mar 31, 2021
      • Advisory employees · 20 to 22
        Mar 27, 2020 to Mar 31, 2021
      Signals
      5 dated events
      • R•••••••• C•••••• M••••••••• L••• reported RAUM $5.9B, up 37% from $4.3B (2021-10-08 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Peter Christopher Varelas (Shareholder, Managing Partner, Director) no longer on Schedule A of R•••••••• C•••••• M••••••••• L••• (listed 2021-03-31, absent 2021-10-08)
        Oct 8, 2021 · Control person left · inference
      • J Thomas Smach (Shareholder, Managing Partner, Director, Chief Financial Officer) no longer on Schedule A of R•••••••• C•••••• M••••••••• L••• (listed 2021-03-31, absent 2021-10-08)
        Oct 8, 2021 · Control person left · inference
      • R•••••••• C•••••• M••••••••• L••• reported RAUM $4.3B, up 36% from $3.2B (2020-03-27 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • R•••••••• C•••••• M••••••••• L••• reported RAUM $2.6B, up 54% from $1.7B (2018-03-30 to 2019-03-25)
        Mar 25, 2019 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      R••••••••CAPITAL.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      650-618-7300reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026